Sphere Cash Flow Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	170.26	8,607	-11,264	-3,349
Depreciation & Amortization	546.28	23.46	1,363	1,143
Loss (Gain) From Sale of Assets	32.98	-	-13.51	-8.13
Asset Writedown & Restructuring Costs	1,013	-	-	-
Loss (Gain) From Sale of Investments	2,177	3,055	423.99	-1.87
Loss (Gain) on Equity Investments	998.07	1,779	-	-
Stock-Based Compensation	-	-	4.14	34.72
Provision & Write-off of Bad Debts	-0.27	-	57.67	-0.89
Other Operating Activities	-2,692	1,345	1,573	-2,651
Change in Accounts Receivable	-2,176	-19,344	-806.02	-450.77
Change in Inventory	-9,019	5,057	-176.04	-15.88
Change in Accounts Payable	-22.55	6,605	-23.35	-3.08
Change in Unearned Revenue	91.2	-	-14.55	7.47
Change in Other Net Operating Assets	-5,786	-2,795	-1,398	175.01
Operating Cash Flow	-14,667	4,333	-10,274	-5,120
Capital Expenditures	-44.07	-21.38	-282.18	-182.33
Sale of Property, Plant & Equipment	-	-	62.33	114.73
Cash Acquisitions	8,719	-	-4,750	-
Sale (Purchase) of Intangibles	-2.05	-	-28.58	-11.46
Investment in Securities	-3,926	-6,718	11,402	-10,996
Other Investing Activities	-4,438	-66.82	220.82	136.19
Investing Cash Flow	3,249	-9,057	6,724	-10,939
Short-Term Debt Issued	1,612	-	-	-
Long-Term Debt Issued	21,616	1,999	-	-
Total Debt Issued	23,228	1,999	-	-
Short-Term Debt Repaid	-811.65	-	-	-100
Long-Term Debt Repaid	-8,440	-23.26	-9,384	-907.68
Total Debt Repaid	-9,252	-23.26	-9,384	-1,008
Net Debt Issued (Repaid)	13,976	1,976	-9,384	-1,008
Issuance of Common Stock	102.58	-	10,713	499.41
Repurchase of Common Stock	-54.38	-	-	-
Other Financing Activities	-49.39	-0	-	-
Financing Cash Flow	13,975	1,976	1,329	-508.26
Foreign Exchange Rate Adjustments	95.35	340.25	-0.02	-
Miscellaneous Cash Flow Adjustments	-	-	-	-0
Net Cash Flow	2,652	-2,408	-2,222	-16,567
Free Cash Flow	-14,711	4,311	-10,557	-5,302
Free Cash Flow Margin	-15.38%	5.05%	-639.22%	-188.09%
Free Cash Flow Per Share	-432.00	261.49	-1005.76	-520.18
Cash Interest Paid	441.05	-	15.93	6.89
Cash Income Tax Paid	4,241	332.75	70.41	8.59
Levered Free Cash Flow	-40,212	3,541	-11,994	-
Unlevered Free Cash Flow	-37,888	3,639	-10,951	-
Change in Working Capital	-16,911	-10,477	-2,418	-287.24

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.